Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.083%

Price spread now: Gate against BingX+0.040%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$391as in the Funding arb table

Net, price: spread back to 7d avg − costs−$405as in the Price arb table

costs, in and out, $10k−$4004.000% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.040%, 7d avg +0.089%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.050% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KITE-USDT	0.1261	0.0100	pay 0.0050% / 4h	3h 49m	—	$6.6M	—
Short	Gate KITE_USDT	0.1262	0.0100	get 0.0050% / 4h	3h 49m	$586K	$273K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.089%: −$4.95
Slippage, 4 orders: −$374.98
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$404.93
Costs to cover: 4.000%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Gate: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 2 min ago	5.55 bp	21.0 bp −$21	60.7 bp −$607	457.7 bp −$45.8K	882.8 bp −$441.4K
Sell Gate live order book, 46 min ago	8.80 bp	235.4 bp −$235	doesn't fit	doesn't fit	doesn't fit

KITE on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0044%	4h	0.1262	+0.063%	$888K	$53K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1261	−0.013%	$21.3M	$7.6M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1260	−0.087%	$1.3M	$3.4M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1258	−0.230%	$1.1M	$642K	10x	as long as short
Gate KITE_USDTshort	+0.0100%	4h	0.1262	+0.040%	$586K	$273K	25x
MEXC KITE_USDT	+0.0100%	4h	0.1261	−0.024%	$937K	$276K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1260	−0.071%	$419K	$103K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1260	−0.087%	$2.6M	$996K	10x	as long as short
BingX KITE-USDTlong	+0.0100%	4h	0.1261	long leg	—	$6.6M	—
Variational Omni KITE	+0.0100%	4h	0.1262	+0.031%	$11K	$10K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KITE-USDT	+0.0100%	4h	0.1260	−0.087%	$1K	$1.6M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1261	−0.040%	$25K	$192K	10x	as long as short
Aster KITEUSDT	+0.0400%	4h	0.1261	+0.010%	$8.7M	$132K	5x	as long as short